The Ethereum hodlers seem to be storing more coins than ever before as the world’s largest altcoin regains its strength at more than $ 200. At a time when the majority of the securities on the market seemed to be selling, ETH hodlers were accumulating, as observed by the crypto-analysis firm Santiment.
Ethereum’s earnings over the past year amounted to over 63% at the time of writing, with ETH holders now anticipating the benefits of more earnings, as evidenced by the trend towards increased accumulation in the market.
Additionally, Ethereum has witnessed a dramatic spike in its Hodl waves. As of May 3, it was found that over 16% of the ETH supply had not been moved in 3 to 5 years. This periodic value increased significantly over the next 48 hours and, on May 5, peaked at 271.1%.
During the same period, the amount of Ethereum held by crypto-exchanges such as Binance, Bitfinex, BitMEX, Bitstamp, Bittrex, Gemini, Huobi, Kraken and Poloniex, also increased significantly.
The options market for Ethereum, however, seemed a bit controversial. Deribit, on the other hand, one of the main stock exchanges in the market, has noted an increase in volume and ROI on its platform. This was indicative of the fact that highly skilled options players were pointing to bullish prospects over the next few days.
What restored this positive feeling among the token accumulators? The answer to this question could be Ethereum 2.0, which has finally reached clarity recently, despite the long way to go. This is touted as something that would essentially result in a massive network upgrade.
In fact, according to a recent report by ConsenSys who examined the landscape of existing Ether holders – their intentions and preferences, a majority of respondents, about 66% of the survey respondents, planned to run up to five validation nodes or less.
In fact, 34% of respondents plan to run a single node and 27% plan to run more than 5 nodes. Participants who planned to operate their own nodes had the largest amount of ETH under their hoods. In addition, half of the people who planned to manage their own node[s], expect yields of 5-10% [average 5.8%] to make it worth it.